6 Week completion
Located on the main retail thoroughfare in the town centre, adjacent to Savers and opposite Boots and Halifax as well as being amongst other multiples including Shoe Zone, Vodafone, Costa Coffee, HSBC, Peacocks, Marks & Spencer and many more.
Dover is a famous port being one of the major crossing routes to the Continent, and is approximately 70 miles south-east of London with easy access via the A20 which links with the M20 (Junction 12).
A corner building comprising a Large Ground Floor Shop with internal and separate side access to Ancillary Accommodation on the first floor. In addition, the property includes a Basement and benefits from a common service area to the rear for unloading.
Ground Floor Shop
Area Approx. 3,210 sq ft
Second Floor(Not used)Area Approx. 1,729 sq ft
Total Area Approx. 4,939 sq ft
VAT is applicable to this Lot
The entire property is let on a full repairing and insuring lease to New Look Retailers Limited (having 591 UK branches) (T/O for Y/E 26/03/16 £1.399bn, Pre-Tax Profit £178.5m and Shareholders' Funds £375.7m) for a term of 5 years from 21st August 2015 at a current rent of £30,000 per annum exclusive.
There may be potential to convert the upper part into residential accommodation and build additional floors subject to obtaining possession and the necessary consents.